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Segment Information

8 Months Ended

Jul. 12, 2019

Segment Reporting [Abstract]

Segment Information

Note 4 – Segment Information:

The Company has two reportable operating segments: Frozen Food Products (the processing and distribution of frozen food products) and Snack Food Products (the processing and distribution of meat and other convenience foods).

We evaluate each segment’s performance based on revenues and operating income. Selling, general and administrative (“SG&A”) expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage. Assets managed at the corporate level have been included as “other” in the accompanying segment information.

The following segment information is presented for the twelve weeks ended July 12, 2019 and July 13, 2018.

Segment Information
Twelve weeks Ended July 12, 2019		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	11,273			$	31,564			$	-			$	42,837
Cost of products sold			7,486				21,936				-				29,422
Gross margin			3,787				9,628				-				13,415
SG&A			3,434				8,385				-				11,819
Gain on sale of property, plant and equipment			(9	)			-				-				(9	)
Income before taxes			362				1,243				-				1,605

Total assets		$	11,350			$	83,478			$	25,406			$	120,234
Additions to PP&E		$	198			$	5,475			$	-			$	5,673

Twelve weeks Ended July 13, 2018		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	9,574			$	28,894			$	-			$	38,468
Cost of products sold			6,474				19,560				-				26,034
Gross margin			3,100				9,334				-				12,434
SG&A			3,004				7,726				-				10,730
Gain on sale of property, plant and equipment			-				-				-				-
Income before taxes			96				1,608				-				1,704

Total assets		$	10,532			$	57,529			$	32,280			$	100,341
Additions to PP&E		$	251			$	4,642			$	-			$	4,893

The following segment information is presented for the thirty-six weeks ended July 12, 2019 and July 13, 2018.

Thirty-six weeks Ended July 12, 2019		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	34,691			$	94,630			$	-			$	129,321
Cost of products sold			22,800				63,051				-				85,851
Gross margin			11,891				31,579				-				43,470
SG&A			10,325				26,189				-				36,514
Gain on sale of property, plant and equipment			(9	)			-				-				(9	)
Income before taxes			1,575				5,390				-				6,965

Total assets		$	11,350			$	83,478			$	25,406			$	120,234
Additions to PP&E		$	476			$	19,315			$	-			$	19,791

Thirty-six weeks Ended July 13, 2018		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	31,175			$	86,385			$	-			$	117,560
Cost of products sold			20,612				58,495				-				79,107
Gross margin			10,563				27,890				-				38,453
SG&A			9,761				24,453				-				34,214
Gain on sale of property, plant and equipment			(6	)			(19	)			(5,977	)			(6,002	)
Income before taxes			808				3,456				5,977				10,241

Total assets		$	10,532			$	57,529			$	32,280			$	100,341
Additions to PP&E		$	552			$	9,152			$	-			$	9,704

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve and thirty-six weeks ended July 12, 2019.

Twelve weeks Ended July 12, 2019 Distribution Channel		Retail (a)				Foodservice (b)				Totals
Direct store delivery		$	23,046			$	-			$	23,046
Direct customer warehouse			8,518				-				8,518
Total Snack Food Products			31,564				-				31,564

Distributors			1,009				10,264				11,273
Total Frozen Food Products			1,009				10,264				11,273

Totals		$	32,573			$	10,264			$	42,837

Thirty-six weeks Ended July 12, 2019 Distribution Channel		Retail (a)				Foodservice (b)				Totals
Direct store delivery		$	69,270			$	-			$	69,270
Direct customer warehouse			25,360				-				25,360
Total Snack Food Products			94,630				-				94,630

Distributors			4,648				30,043				34,691
Total Frozen Food Products			4,648				30,043				34,691

Totals		$	99,278			$	30,043			$	129,321

(a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.

(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.